whats the opposite of irrational exuberance, page-3

This market is not going to experience any stellar rise any time soon, imo.

It's had it guts ripped out - with a few more intestines yet to be extracted.

Not the time to show intestinal fortitude buy 'bottom picking'.

There will be a significant consolidation period before confidence is regained - plenty of time to get back in once the momentum has turned.

I would be wary of re-entry on any dead cat bounce (however strong it might seem).

The key is still the DOW and that does not look patricularly pretty.

And, like it or lump it, wither goest the DOW so goes the XJO - and at the moment the trend is still down.

"keep the powder dry" is not a bad maxim in this environment.